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This is sort of a follow-up to the mortgage pay-off discussion.

Once a person pays off their mortgage, they lose a big tax deduction. However, with the standard deduction at $10,900 in 2008, the tax advantage of mortgage interest is limited.

Has anyone here had success with deduction bunching in order to maximize itemized deductions one year, then take the standard deduction on the following year? I can see how this would work with property taxes. Are there other deductions that this can be done with?
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